Banque Cantonale Vaudoise Has $422,000 Holdings in Hecla Mining (NYSE:HL)

Banque Cantonale Vaudoise lifted its stake in shares of Hecla Mining (NYSE:HL – Get Rating) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,891 shares of the basic materials company’s stock after buying an additional 15,305 shares during the period. Banque Cantonale Vaudoise’s holdings in Hecla Mining were worth $422,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Newbridge Financial Services Group Inc. boosted its position in Hecla Mining by 200.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 4,500 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 3,000 shares during the last quarter. Captrust Financial Advisors boosted its position in Hecla Mining by 104.3% during the second quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 4,932 shares during the last quarter. Verition Fund Management LLC bought a new stake in Hecla Mining during the second quarter valued at $40,000. Nomura Holdings Inc. bought a new stake in Hecla Mining during the second quarter valued at $45,000. Finally, Toronto Dominion Bank bought a new stake in Hecla Mining during the third quarter valued at $46,000. 59.73% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Price Performance

Shares of NYSE HL opened at $5.19 on Friday. Hecla Mining has a fifty-two week low of $3.41 and a fifty-two week high of $7.00. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of -57.67 and a beta of 2.06. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 1.48. The firm’s 50-day simple moving average is $6.00 and its 200 day simple moving average is $5.69.

Hecla Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Monday, May 22nd will be paid a $0.0038 dividend. The ex-dividend date is Friday, May 19th. This represents a $0.02 annualized dividend and a yield of 0.29%. Hecla Mining’s dividend payout ratio (DPR) is -33.33%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HL. Canaccord Genuity Group cut their price objective on shares of Hecla Mining from $7.25 to $6.25 and set a “buy” rating on the stock in a research report on Thursday, February 16th. Cantor Fitzgerald cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Roth Capital cut shares of Hecla Mining from a “buy” rating to a “neutral” rating in a research report on Friday, April 14th. StockNews.com began coverage on shares of Hecla Mining in a research report on Thursday, May 18th. They set a “sell” rating on the stock. Finally, HC Wainwright increased their price objective on shares of Hecla Mining from $7.00 to $8.25 and gave the stock a “buy” rating in a research report on Friday, April 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Hecla Mining has an average rating of “Hold” and an average price target of $6.13.

Hecla Mining Company Profile

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Hecla Mining Co operates as a silver and gold production company. The firm produces lead, zinc and bulk concentrates for custom smelters and brokers and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, and Nevada Operations.